asciilifeform: mircea_popescu: not 'bug somewhere else', but a payoff matrix that doesn't equilibrate at 'herd'

asciilifeform: you want ~dynamic~ equilibrium.

asciilifeform: but you do not want equilibrium.

asciilifeform: ergo, engine came to equilibrium.

asciilifeform: piston - came loose.

asciilifeform: picture that you were newcomen and built a cruddy steam engine.

asciilifeform: hence you need defection-incentive.

asciilifeform: precisely.

asciilifeform: in that there was no built-in incentive for defecting from a miner cartel.

asciilifeform: mircea_popescu: my notion was that bitcoin suffered from a ~game-theoretically~ poor design.

asciilifeform: (i.e. come to agreement)

asciilifeform: do wolf and deer make pools ?

asciilifeform: how's that

asciilifeform: i forget.

asciilifeform: perhaps we called it sexed miners

asciilifeform: mircea_popescu: this being, where you have two or more types of miners, who have inherently opposed interests

asciilifeform: did we ever do a thread on chiral miners ?

asciilifeform: but the 51% thing was apparent from beginning, it was even in the paper.

asciilifeform: this is so.

asciilifeform: well, he naively thought that nobody would throw $maxint at it.

asciilifeform: but afaik there is not a plausible alternative.

asciilifeform: the one problem that i was not able to solve, now just as a decade ago when i started thinking about it, is 'initial allocation.' satoshi's solution, as can be seen now, was retarded.

asciilifeform: thestringpuller: what i was trying to say is that no one, afaik, has ever proposed and implemented entirely novel mechanism.

asciilifeform: thestringpuller: it was straight satoshi with new genesis iirc.

asciilifeform: everybody had chunks of rotting satoshade in there.

asciilifeform: even as crackpottery

asciilifeform: afaik there was not yet, to date, a from-scratch thing

asciilifeform same.

asciilifeform: nubbins` packs well, it was a mondo crate last time

asciilifeform: ;;later tell nubbins` how many can i get for 1btc.

asciilifeform: parachute.

asciilifeform: it is what i've been quietly laying out, yes.

asciilifeform: discussing hypothetical new pistol.

asciilifeform: we don't even have a currently.

asciilifeform: this is 1960s tech.

asciilifeform: or pick a number each hour.

asciilifeform: forever.

asciilifeform: all you have is a box spewing 512b packets at 100/sec.

asciilifeform: how does he know you are moving block-sized item ?

asciilifeform: (they - to theirs. etc)

asciilifeform: gossip.

asciilifeform: otherwise you talk to the other folks in your terror cell.

asciilifeform: strangers when-there-is-room.

asciilifeform: neato

asciilifeform: ah

asciilifeform: nubbins`: the venetians had gas masks.

asciilifeform: the conn rst thing is because we're talking to strangerz and using idiot unauthed plaintext.

asciilifeform: because i utterly don't get it

asciilifeform: mircea_popescu: http://log.bitcoin-assets.com/?date=06-03-2016#1423721 << can hear more about this plox ?? ☝︎

asciilifeform: >> http://trilema.com/wp-content/uploads/2010/07/basini-unique.jpg << here we go

asciilifeform: where was mircea_popescu's forks photo

asciilifeform: there is nothing particular about asciilifeform.

asciilifeform: l0l you'd have to free the other 10 mil rapemeat caste folk.

asciilifeform: solely.

asciilifeform: it is paid in electronic insta-tax usd.

asciilifeform: thestringpuller: it is not.

asciilifeform: oh and if usg decides that you did not pay enough, you get charged double-triple post-facto.

asciilifeform: nubbins`: we have something called 'tax brackets' here.

asciilifeform: thestringpuller: could've sworn we had this thread.

asciilifeform: i'd rather burn it.

asciilifeform: fuck that.

asciilifeform: the way it works is that if i sold, e.g., 10k of coin, i get to give 4k to usg immediately.

asciilifeform: http://log.bitcoin-assets.com/?date=06-03-2016#1423732 << does nubbins` know how taxation works in usaschwitz ? ☝︎

asciilifeform: srsly could've sworn nubbins` paid off a house...

asciilifeform: nubbins`: iirc we had this thread. you paid off the house.

asciilifeform: thestringpuller: i must wonder if you would still agree if you knew what i do to pay for the 'get to'.

asciilifeform: thestringpuller: the very poverty consists in the sort of things i do to ~not~ live 'in the projects', with roommates a la nubbins`, or eat recycled food, etc.

asciilifeform: nubbins`: being a slave, it would be stepping outside of my competence to attempt the use of any other kind of definition.

asciilifeform: nubbins` has it.

asciilifeform: i don't take it with them.

asciilifeform: how the hell would i know what dope my neighbours take ?

asciilifeform: thestringpuller: at least 20

asciilifeform: thestringpuller: understand what 'poor' means

asciilifeform: nubbins`: as poor as any wretch. work-a-day-eat-a-day poor.

asciilifeform: mircea_popescu: no shit

asciilifeform: this is referred to as 'breaking out of gravity well'

asciilifeform: http://log.bitcoin-assets.com/?date=06-03-2016#1423702 << i'm not interested in becoming an even poorer and lower peon in a shittier country. it's living-off-capital or death plox. ☝︎

asciilifeform: this is key.

asciilifeform: yes.

asciilifeform: which then

asciilifeform: (i would even use antifuse roms but they are NOT SOLD)

asciilifeform: so it's, at least without laboratory instruments, a once-per-device thing.

asciilifeform: http://log.bitcoin-assets.com/?date=06-03-2016#1423707 << definitely discussed. there is deliberately no simple way of refirmwaring the thing. ☝︎

asciilifeform: thestringpuller: ?

asciilifeform: escape from my concentration camp, for one thing. But that costs 1000x what i have.

asciilifeform: well.

asciilifeform: killing own livestock?

asciilifeform: recall kolhoz inmates refusing to plant?

asciilifeform: usg reads everything.

asciilifeform: which is why i won't accept usd wires from people, etc.

asciilifeform: what i don't want is its motion to add to my detectable usg taxability in any way.

asciilifeform: nubbins`: you don't get it.

asciilifeform: nubbins`: i don't want any of my btc to feed usg.

asciilifeform: metal gets waterfalled with usg paper gold.

asciilifeform: would be again stuck with what useful thing to trade it for.

asciilifeform: plus wtf do i need metal for.

asciilifeform: or 'lost'.

asciilifeform: and i'm not interested in it being scanned in usg mail, either.

asciilifeform: IN MY WOT

asciilifeform: who in wot sells it?